Cyrus J. Lawrence LLC Has $83,000 Stake in Uber Technologies, Inc. $UBER

Key Points

• Cyrus J. Lawrence LLC significantly reduced its stake in Uber Technologies, Inc. by 96.1%, now holding only 1,148 shares valued at $83,000.
• Institutional investors own 80.24% of Uber's stock, with notable increases from firms like Pacer Advisors Inc., which raised their position by 2,571.2% during the first quarter.
• Uber Technologies reported a quarterly revenue of $12.65 billion, exceeding analyst expectations, and a net margin of 26.68%, reflecting solid financial performance compared to the previous year.

Cyrus J. Lawrence LLC trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 96.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,148 shares of the ride-sharing company's stock after selling 28,395 shares during the period. Cyrus J. Lawrence LLC's holdings in Uber Technologies were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. Pacer Advisors Inc. raised its position in shares of Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Toyota Motor Corp acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $309,192,000. Boston Partners boosted its position in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after acquiring an additional 2,749,456 shares in the last quarter. Finally, Baillie Gifford & Co. acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $167,532,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $93.80 on Friday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $97.71. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $195.61 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.08 and a beta of 1.43. The company's 50 day moving average price is $92.21 and its two-hundred day moving average price is $83.61.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the business posted $0.47 earnings per share. The company's quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the sale, the insider owned 170,269 shares in the company, valued at $16,175,555. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 48,696 shares of company stock worth $4,632,774. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Sanford C. Bernstein increased their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Roth Capital increased their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research report on Monday, July 14th. Wedbush reduced their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group increased their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $102.82.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

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